Common use of Derived Assets Clause in Contracts

Derived Assets. The Mortgagor shall promptly and in any event within 15 Business Days (or such later date as may be agreed upon by the Collateral Agent) of the issue, accrual or offer of any Derived Assets, deliver to the Collateral Agent or procure the delivery to the Collateral Agent of: (a) all share certificates, renounceable certificates, letters of allotment, documents of title and other documentary evidence of ownership in relation to the Derived Assets; (b) such documents as are referred to Clauses 0 (7.1

Appears in 1 contract

Sources: Lc Credit Agreement and u.s. Security Agreement (Weatherford International PLC)

Derived Assets. The Mortgagor shall promptly and in any event within 15 Business Days (or such later date as may be agreed upon by the Collateral Agent) of the issue, accrual or offer of any Derived Assets, deliver to the Collateral Agent or procure the delivery to the Collateral Agent of: (a) all share certificates, renounceable certificates, letters of allotment, documents of title and other documentary evidence of ownership in relation to the Derived Assets; (b) such documents as are referred to Clauses 0 (7.1:

Appears in 1 contract

Sources: Lc Credit Agreement (Weatherford International PLC)